Great Western Bancorp, Inc. (NYSE:GWB) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday.
According to Zacks, “Great Western Bancorp Inc. is a full-service regional bank holding company. It focuses on business and agribusiness banking, complemented by retail banking and wealth management services. The Bank’s loan portfolio consists primarily of business loans, comprised of commercial and industrial, and agribusiness loans. It also provides a range of deposit and loan products to its retail customers through several channels, including its branch network, online banking system, mobile banking applications and customer care centers. The Bank provides wealth management solutions consisting of financial planning, private banking, investment management, and trust services. Great Western Bancorp, Inc. is headquartered in Sioux Falls, South Dakota. “
Other research analysts have also recently issued research reports about the stock. RBC Capital Markets restated a “buy” rating and issued a $48.00 price objective on shares of Great Western Bancorp in a research report on Thursday, January 26th. Beaufort Securities restated a “buy” rating on shares of Great Western Bancorp in a research report on Thursday, November 3rd. Finally, Deutsche Bank AG upped their target price on shares of Great Western Bancorp from $38.00 to $39.00 and gave the company a “buy” rating in a research report on Tuesday, October 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. Great Western Bancorp has a consensus rating of “Buy” and a consensus target price of $40.83.
Shares of Great Western Bancorp (NYSE:GWB) traded down 1.45% during mid-day trading on Wednesday, hitting $42.05. The stock had a trading volume of 191,804 shares. The stock’s 50-day moving average price is $43.14 and its 200-day moving average price is $36.87. Great Western Bancorp has a 12-month low of $22.68 and a 12-month high of $44.99. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 18.92 and a beta of 1.86.
Great Western Bancorp (NYSE:GWB) last posted its quarterly earnings data on Thursday, January 26th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.01. Great Western Bancorp had a net margin of 27.75% and a return on equity of 8.47%. During the same period in the previous year, the firm posted $0.55 earnings per share. On average, equities analysts anticipate that Great Western Bancorp will post $2.54 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 21st. Investors of record on Friday, February 10th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Wednesday, February 8th. Great Western Bancorp’s dividend payout ratio is currently 30.77%.
In related news, insider Kenneth James Karels sold 3,516 shares of the company’s stock in a transaction on Tuesday, December 6th. The shares were sold at an average price of $40.32, for a total value of $141,765.12. Following the completion of the sale, the insider now owns 16,581 shares in the company, valued at approximately $668,545.92. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Peter Robert Chapman sold 1,004 shares of the company’s stock in a transaction on Tuesday, December 6th. The shares were sold at an average price of $40.26, for a total transaction of $40,421.04. Following the completion of the sale, the chief financial officer now owns 8,954 shares of the company’s stock, valued at approximately $360,488.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,074 shares of company stock valued at $322,540. 0.19% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC purchased a new stake in Great Western Bancorp during the third quarter worth approximately $100,000. Victory Capital Management Inc. raised its position in shares of Great Western Bancorp by 4.7% in the third quarter. Victory Capital Management Inc. now owns 3,347 shares of the company’s stock worth $112,000 after buying an additional 151 shares during the last quarter. Advisor Group Inc. raised its position in shares of Great Western Bancorp by 8.0% in the third quarter. Advisor Group Inc. now owns 3,383 shares of the company’s stock worth $113,000 after buying an additional 252 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in shares of Great Western Bancorp during the third quarter worth $123,000. Finally, Public Employees Retirement System of Ohio raised its position in shares of Great Western Bancorp by 86.5% in the second quarter. Public Employees Retirement System of Ohio now owns 4,421 shares of the company’s stock worth $139,000 after buying an additional 2,051 shares during the last quarter.
About Great Western Bancorp
Great Western Bancorp, Inc is a full-service regional bank holding company. The Company is the holding company of the Great Western Bank (the Bank). As of September 30, 2016, the Company served customers through 173 branches in various markets in Arizona, Colorado, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota and South Dakota.
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